Info & Data

Programs Applicable to Businesses

Detailed information on programs applicable to businesses are available here.

Small Business Administration Funding – SBA does not loan money directly to small business owners but when applying for a SBA – backed loan at a bank or credit union, SBA provides a guarantee that you will repay your loan as promised. SBA loans come from a legislation signed by president Obama allocating an additional $505 million to the Small Business Administration. These funds are to provide fee relief for new 7(a) and 504 loans under the American Recovery and Reinvestment act of 2009.

504 Loan – Financing tool designed to encourage economic development within a community for fixed assets for expansion or modernization. These loans are designated for acquiring fixed assets such as land and buildings along with their improvements.

Microloans – Small short-term loans designed for small businesses and certain types of nonprofit child-care centers. Microloans may be used for working capital, inventory, furniture and other equipment. Average loan amounts are around $13,000.

7(a) loans – These loans are financial help for businesses with special requirements. Funds are available for businesses that handle exports to foreign countries as well as businesses that operate in rural areas. For more information about qualifications and possibilities for allocation, visit the SBA website.

SBA Express – This program gives small business borrowers an accelerated turnaround time for SBA’s review. Application responses average 36 hours. With that, lower interest rates are often available.

Community Express – This loan program lets approved SBA lenders provide a combination of financial and technical assistance to borrowers located in underserved communities. Eligible communities include HUBZones as well as distressed communities identified by the Community Reinvestment Act.

Patriot Express – This is a loan initiative for veterans and members of the military community wanting to establish or expand a small business.

CAPLines – An umbrella loan program that helps small businesses meet their short-term and cyclical working capital needs. It features five lines, each with specific regulations concerning the use of the loan proceeds.

International Trade – Programs are available to businesses for working capital and for fixed assets financing for companies that will export or expand exporting.

Export Working Capital Program – SBA provides lenders with up to 90% guaranty on exports as credit enhancements to secure loans to make available working capital.

University Center Economic Development Program – This program makes resources of universities available to the economic development community.

New Markets Tax Credit – The NMTC Program provides tax credit incentives to investors for equity investments in certified Community Development Entities, which invest in low-income communities.

Historic Tax Credit – The Historic Tax Credit programs provide tax credits for rehabilitation and reconstruction of historic buildings and communities. Tax credits are available for properties built before 1936 as well as structures on the National Register of Historic Places or located in historic districts.

AZ Additional Depreciation – This program provides an additional depreciation schedule to encourage new capital investment by reducing personal property tax liability. The additional depreciation schedule accelerates depreciation five percentage points for the first five years.

Angel Tax Credit – This program provides tax credits to investors who make capital investments in small businesses certified by the Arizona Department of Commerce.

AZ Commerce and Economic Development Commission – The Commission is responsible for developing the State’s 10-year economic strategy. In addition, the Commission administers the CEDC Fund, which provides financial assistance to support the State’s economic development efforts.